Turkey

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In a recent bid to resolve Istanbul's seemingly intractable congestion problem, Prime Minister Recep Tayyip Erdogan made a bold proposal - to limit car numbers and freeze the number of license plates being granted to drivers in the city.
2007 is expected to see considerable growth in Turkish exports. While the government has made bold growth projections on the outflow of Turkish goods, exporters remain concerned about a number of obstacles that hinder trade.
Although weighing in as a strong developing market with greater economic muscle than the previous year, Turkey was faced with a number of challenges in 2006, some predictable, others less so.
Turkey’s importance as an energy conduit feeding Europe received fresh attention this month as Greek Development Minister Dimitris Sioufas announced that the Greek section of a 285-km Greece-Turkey natural gas pipeline - bringing gas from Azerbaijan through Turkey to Europe - would be running by May 2007.
Foreign banks are continuing to show strong interest in Turkey's banking sector, as demonstrated by the upcoming sale of state owned HalkBank and privately-held Oyak Bank.
The opening of the World Economic Forum (WEF) in Istanbul on the November 23-24 was particularly timely, with a critical juncture in Turkey's EU accession bid over Cyprus looming in December and elections on the horizon in 2007.

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